Looking to diversify beyond MAFRX? The mutual funds below have the lowest correlation with MAFRX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MAFRX.
Best Diversifiers for MAFRX
14 mutual funds have low correlation with MAFRX (below 0.3), 1 of which are negatively correlated. The least correlated is Tactical Multi-Purpose Fund (TMPFX) (Ultrashort Bond) with a 1Y correlation of -0.01, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | -0.01 | -0.01 | 0.01 | 100 | Ultrashort Bond | MAFRX vs TMPFX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.01 | 0.14 | 0.25 | 99 | Ultrashort Bond | MAFRX vs ENIAX | |
| CrossingBridge Ultra-Short Duration Fund | 0.02 | 0.08 | — | 99 | Ultrashort Bond | MAFRX vs CBUDX | |
| DFA One Year Fixed Income Portfolio | 0.03 | 0.03 | 0.03 | 99 | Ultrashort Bond | MAFRX vs DFIHX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.03 | 0.12 | 0.13 | 98 | Ultrashort Bond | MAFRX vs CUTAX |
See all 26 diversifiers for MAFRX
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